JPMorgan Plans to Launch Merchant Bank in Nigeria by End of 2026

Key Facts

JPMorgan Chase & Co. plans to open a merchant bank in Nigeria by the end of 2026. According to investing.com, the move represents a strategic expansion into the Nigerian financial market to provide investment banking and asset management services.

This expansion comes as JPM shares closed at $332.99 on October 9, 2026. Within the same sector, Bank of America (BAC) closed at $54.32, while Citigroup (C) closed at $129.63 and Wells Fargo (WFC) closed at $83.55 on the same date.